Barclays PLC restated their overweight rating on shares of Suncor Energy Inc. Three Corner Global Investors Lp owns 399,087 shares or 5.54% of their USA portfolio. The Delaware-based Ashford Capital Management Inc has invested 1.66% in the stock.
Several other hedge funds have also added to or reduced their stakes in the stock.
In the last reported quarter, Suncor Energy Inc reported its Actual EPS (earnings per share) of $0.38/share where most of the analysts working on this stock were estimating the EPS to be $0.24/share. FMR LLC now owns 105,191,127 shares of the oil and gas producer's stock worth $3,229,653,000 after buying an additional 3,492,013 shares in the last quarter. Vanguard Group Inc. boosted its stake in Suncor Energy by 4.2% in the first quarter. Vanguard Group Inc. now owns 38,530,806 shares of the oil and gas producer's stock worth $1,184,822,000 after buying an additional 1,549,342 shares during the last quarter. Winslow Evans & Crocker Inc.'s holdings in Suncor Energy were worth $723,000 at the end of the most recent quarter. JPMorgan Chase & Co. now owns 2,508,455 shares of the oil and gas producer's stock worth $77,135,000 after buying an additional 404,808 shares in the last quarter. Finally, Centre Asset Management LLC acquired a new position in shares of Suncor Energy during the second quarter valued at $5,467,000.
Shares of Suncor Energy (SU) opened at 29.30 on Friday. The stock had a trading volume of 1,991,286 shares.
Over the past 50 days, Suncor Energy Inc. stock's -8.53% off of the high and 6.26% removed from the low.
The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -4.83% and has no so good Year to Date (YTD) Performance of -10.37% which means the stock is constantly adding to its value from previous fiscal year end price.
Yet another important factor while evaluating a good buy/sell decision for Suncor Energy Inc. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Monday, June 5th were issued a $0.2371 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $1.28 annualized dividend and a yield of 3.43%.
WARNING: This news story was originally published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this news story on another website, it was copied illegally and republished in violation of United States and worldwide copyright and trademark legislation. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/07/14/suncor-energy-inc-su-shares-sold-by-baldwin-brothers-inc-ma.html. Goldman Sachs Group, Inc. They now have a United States dollars 47 price target on the stock. They noted that the move was a valuation call. Finally, Piper Jaffray Companies lowered their target price on shares of Suncor Energy from $40.00 to $38.00 and set an overweight rating for the company in a report on Monday, July 3rd. Scotiabank lowered shares of Suncor Energy from an outperform rating to a sector perform rating in a report on Friday, June 9th. National Bank Financial started coverage on shares of Suncor Energy in a research note on Tuesday, June 27th. They set an "outperform" rating for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $42.10.
The current market capitalization of Suncor Energy Inc (NYSE:SU) stands at 45.9 Billion. The Firm is focused on developing Canada's petroleum resource basin, Athabasca oil sands.